Maersk Broker invests in independent US peer The Danish broker's dry bulk arm makes its second expansionary move within a few days
Denmark to name sulphur cap violators Companies whose vessel emissions exceed a 0.5% sulphur content in Danish waters will face public scrutiny as well as a...
Scandlines wins Copenhagen-Hamburg tunnel battle 'Scandlines is not against a Fehmarn connection established with state aid. State aid may be necessary when completing such large-scale...
Abu Dhabi Ports eyes overseas expansion ADP's sole overseas terminal is located in Guinea, West Africa, where it operates the Kamsar Container Terminal on behalf of...
Lloyd's List Outlook 2019: Finance Near term, banks are lending less to shipping and sources of capital are getting tighter. Long term, shipping finance as...
South Carolina expects to see first-quarter slowdown Uncertainty over the direction of the China-US trade war and a pre-Christmas rush are likely to lead to lower volumes...
Top 10 women in shipping 2018 In the run-up to publishing the annual Lloyd's List Top 100 most influential people in shipping series, discover which 10...
Top 5 lifetime achievement 2018 In the run-up to publishing the annual Lloyd's List Top 100 most influential people in shipping series, our lifetime achievers list...
Panama Canal and Brazilian port link up to promote Asia trade Brazilian government statistics show that northern ports such as Barcarena, Itaqui and Santarém have been rapidly expanding their share of...
Braemar hires Nick Stone as finance chief Nick Stone is expected to come in as group finance director in the second quarter of 2019
First Ship places $98m tanker order FSLT expects the new ships to be more attractive for long-term leases to major petroleum companies
Port of Hueneme signs labour agreement Labour leader says the agreement will go a long way in putting local people to work, expanding apprenticeship programmes, and...
Viewpoint: The secret highway The improvements in technology in both the ports and ships involved in shortsea shipping now make it a viable alternative...
Samsung Heavy wins another LNG carrier In the year to date, the South Korean yard has secured $5.5bn worth of new orders, or 45 vessels, including...
Adnoc to combine LPG and propylene shipments in industry first LLoyds List Intelligence data shows that a LPG carrier loaded in Ruwais is on its way to Xingang port
FMC acts to improve demurrage and detention practices Teams of industry leaders will meet on a short-term basis to 'refine commercially viable' demurrage and detention practices
Samsung Heavy bags another LNG carrier Year to date, the South Korean yard has bagged new orders of $5.5bn, or 45 vessels, including 14 LNG carriers
First Ship puts pen to paper on $98m tanker orders FSLT expects the new ships to be more attractive for long-term leases to major petroleum companies
Adnoc in industry first to combine LPG and propylene shipments LLoyds List Intelligence data shows that a LPG carrier loaded in Ruwais is on its way to Xingang port
Port of Hueneme signs labour agreement with local workers Labour leader says the agreement will go a long way in putting local people to work, expanding apprenticeship programmes, and...
FMC approves call for industry input on demurrage and detention practices Teams of industry leaders will meet on a short-term basis to "refine commercially viable" demurrage and detention practices
Panama and Brazil promote trade link to Asia The two Latin American countries work together to increase grain exports to China
Mardi Gras moniker is nod to Carnival's first 'fun ship' Carnival Cruise Line is winding the clock back almost 50 years by naming its largest ever vessel the Mardi Gras. The Miami-based cruise giant revealed the name on US TV game show Wheel of Fortune. Is bigger always better when you are on a ship that feels like a city? Meyer Turku in Finland will deliver the 180,000-gt, XL-class newbuilding in 2020, which has been named in what Carnival Cruise Li
New management team to drive chartering giant Hanseatic Unity Shareholders ring the changes at one of the world's largest container tonnage providers
Good times roll again - but how long can clean tanker revival last? As the sector benefits from rising demand and freight rate strength, owners enjoying the festive feeling can only hope it is the gift that keeps on giving
Maersk set to build alliances, not merely cut carbon World's biggest container shipping group has set an ambitious decarbonisation target but acknowledges it will need collective endeavour to get there
Offen and MSC team up on installing hybrid scrubbers Nine 14,000-teu ships to be fitted with environmentally-friendly scrubbers after agreeing chunky charter extensions with Swiss liner operator
Kumiai Navigation orders bulker duo at Nacks and Dacks Singapore shipowner books newbuildings against long-term charters
Japan's JX Ocean returns to Mitsubishi Heavy for two more VLGC newbuildings Shipowner secures employment for trio of gas carriers booked at Japanese shipyard
Cuts by Opec and allies will not derail tanker market recovery US exports and IMO 2020 could offer support to earnings against short-term headwinds
Shipowners need to plan ahead to pass the 2020 test Closely detailing and documenting how owners intend to comply with the sulphur emissions cap will help them avoid costly fines come deadline day, writes Adam Corbett in London
Small Greek owners emerge as active buyers of handy bulkers Several vintage vessels changed hands in the summer but buying has ebbed in recent weeks
Shell LNG carrier earmarked for El Salvador's first FSRU Moss-type vessel preferred over membrane ship due to the exposed location for a regas unit
Bidders given more time for Sri Lanka's first FSRU Companies offering to provide a floating storage and regasification unit, infrastructure and LNG supply for Sri Lanka's first receiving terminal have been given until the end of January to submit their offers. The Sri Lanka Ministry of Power and Renewable Energy originally asked participating parties to come in with their counter offers by 12 December but has since extended this to 31 January. S
Atlas and Emarat get onboard for launch of Concord aframax pool Former Heidmar veterans' young management vehicle is underway with seven tankers
Penfield continues steady build-up of aframax pool Penfield Marine continues a gradual build-up of its aframax pool with three tankers scheduled to deliver this week. The additions will build its aframax fleet to 15 vessels contributed by nine partners, up by half from 10 tankers and six members since the start of the summer. The increase fits Penfield's goal of controlled growth on the aframax side while keeping its pool of panamaxes 'relativel
Gunvor joins German duo in $50m product tanker play Trading giant and partners tap Norwegian KS system to fund acquisition of three vessels, with a fourth in the works
Bulkers on the block as HNA fleet sell-off enters endgame HNA Technology is readying its last seven ships for sale after the depart'ure of a series of key officials. At least two of its remaining seven bulkers - a panamax and a capesize - are being circulated for sale and a company official said plans are proceeding towards the disposal of the entire fleet. Brokers said the 79,500-dwt Grand Amanda (built 2011) was 'offered for inspection at the end of
Pacific Carriers on brink of MR order at STX shipyard STX back in business after fulfilling terms of main shareholder KDB
South Korean shipowners poised for bulker spree at China's New Times Polaris Shipping, H-Line and Pan Ocean said to be ordering $594m-worth of 210,000-dwt bulkers on the back of COAs from Brazil's Vale
CSIC Leasing signs capesize orders at Qingdao Beihai Shipbuilding Chinese leasing company's new bulkers have been ordered against long-term charters from RWE
MISC sells its oldest LNG ship for demolition in Bangladesh Kuala Lumpur-based MISC has sold its oldest LNG carrier for recycling in Bangladesh. Although details of the deal only came to light this week following the arrival of the 130,000-cbm Tenaga Lima (built 1981) in Chittagong, the sale appears to have been lined up back in October. The IHS ships register indicates that ownership of the Tenaga Lima was transferred to a St Kitts and Nevis-registered
MOL in frame to land second Uniper LNG newbuilding Japanese shipowner continues to push for fleet expansion with both conventional vessels and FSRUs
Spot rates for LNG carriers soften as tonnage pool grows Spot charter rates for LNG carriers have slipped back but are still holding up at six-figure levels for modern tonnage. Brokers said ships fitted with high-pressure and low-pressure gas injection propulsion systems are attracting rates of $150,000 per day plus. They peg daily levels for tri-fuel and dual-fuel diesel-electric ships in the region of $130,000. But rates for steam turbine-driven sh
Alpha Bulkers linked to idled Five Stars capesize Greek owner identified as buyer in Chinese auction, in probable speculative play
Viken secures time charters for freshly purchased trio Norway's Viken Shipping has concluded time-charter arrangements for all three handysize tankers that the company bought last month from German KG (limited partnership) outfits managed by Rigel Schiffahrts. Viken buy takes it into handysize tanker sector European shipbroking sources said the Bergen-based shipowner has chartered the 37,000-dwt Zambezi Star (built 2010) to Trafigura Beheer, while
Magseis in talks over new North Sea contract Norwegian seismic survey ship company Magseis is finalising a contract with an undisclosed client in the North Sea. It will provide 4D seabed data using a MASS-Modular crew for the project. The duration of the contract is estimated at two months. It will start during the summer of 2019.
Scorpio Bulkers adds to contract cover Scorpio Bulkers has added to its time charter cover ahead of the seasonally weaker first quarter. New York-listed Scorpio Bulkers says the 60,000-dwt SBI Hera (built 2016) has been fixed out for four to six months. Scorpio firms reveal $122m scrubber investment Scorpio placed a $14,850 per day rate on the charter but did not disclose the other party involved. It is the ninth time charter contr
TUI cruise investments paying off as profit rises German cruiseship group TUI has said investments in new ships are paying off as profit rises. In its 2018 financial year, both capacity and earnings have seen growth, it added. Underlying EBITA was up 26.8% to EUR 324m ($367.5m). The average rate per passenger per day was EUR 178 for TUI Cruises, up from EUR 173 a year ago. The figure for Marella Cruises was '141 ($178m), up from £131, and for
Celsius Shipping buys product tanker number six Celsius Shipping continues to build its product tanker presence with the Danish owner having now amassed six of the ships since entering the space earlier this year. Celsius moves into product tankers as Kirk seals exit Celsius Shipping adds to product tanker market exposure Jeppe Jensen's Celsius Shipping took a foothold in product tankers in May with the purchase of two medium range and two h
Bulker sentiment firms on China's resumption of US soybean imports Futures markets has found optimism from the revitalised trade.
Seized Gourdomichalis ship carrying wheat set for Yemen The Vigorous was scheduled to depart for the war-torn country when it was detained on the Columbia River
VIDEO: Navios subsidiary fined $2m for oily discharge Footage shows waste being pumped overboard from Navimax Corporation ship off US.
ONE hosts first stowage safety summit Japan's containership giant Ocean Network Express (ONE) has held its first Global Stowage Planning Office (SPO) Summit to improve planning and safety. It gathered together 11 representatives from seven countries in Kumamoto in Japan, as well as five representatives from headquarters in Singapore, including managing director Yasuki Iwai. Attendees discussed how ONE can improve stowage skills by u
Mexican drug kingpin tried to enlist Pemex to aid smuggling The Mexican drug kingpin known as El Chapo wanted to enlist the help of Mexico's state oil company to move cocaine, a witness testified at his federal trial Wednesday. According to media reports from the trial, Columbian drug lord Jorge Cifuentes told the Brooklyn federal court that El Chapo - real name Joaquin Guzman Loera - met with two Pemex officials in 2007. Tanker damaged, fuel leaks after
New IMO-compliant fuels to emerge amid pricing and specification risks While fuel availability is unlikely to be an issue, ship operators will need to adjust to the new products and higher costs
Could blending fuels hamper quality? Shipowners are becoming increasingly concerned that new low-sulphur blended fuels, which will enter the market in 2020, might be even more prone to contamination than fuels currently available. Fears over fuel quality were reignited when about 200 ships suffered damage to their main engines, and total breakdown in some cases, after taking on contaminated bunkers in Houston and Singapore earlier t
BW LPG lines up to be the first with an LPG-fuelled vessel Pontus Berg explains retrofit job on VLGC quartet and why the fuel might have the edge over LNG
LNG fuelling proves to be a slow burner for the industry But the next wave of newbuildings for deepsea vessels across all types could change that
HSFO set for long life despite IMO 2020 deadline Even though there could be logistics challenges in securing supply, HSFO is not expected to disappear from the bunker mix with the number of scrubber-fitted ships set to increase
Hapag-Lloyd prepares to test all 2020 compliance solutions Container line explains practicalities of plans to trial scrubbers and LNG fuelling
SGMF digs deep into gas' impact from 'well to wake' One of the arguments voiced against LNG fuelling is that while it eliminates SOx emissions, reduces particulates to virtually zero and emits 90% fewer NOx emissions than existing heavy fuel oil, it still emits CO2. But just how clean is gas overall for use in the marine world? SGMF's LNG bunkering tool set for wider industry roll-out The Society for Gas as a Marine Fuel (SGMF), in partnership w
Transition choices emerge to meet the IMO's 2030 target As many owners are grappling with their options for 2020, others are exploring their fuel alternatives for the years ahead
Hydrogen carrier prepares for its marine debut in Japan Seen as a zero-carbon alternative for 2050 and beyond, Japan is putting a pilot marine supply project into play
LPG given the big sell as a cheaper fuel alternative On LPG fuelling, Pontus Berg is convinced of one thing. "It will be cheaper than [other 2020] compliant fuel," BW LPG's head of technical and operations says. "I'm certain of that." He says LPG today is either cheaper or, at worst, on a par with heavy fuel oil and definitely priced lower than the 0.1% low-''sulphur fuel oil used in emission control areas and sulphur emission control areas, as wel
Industry must go 'last mile' on LNG bunkers - Hapag-Lloyd Jorg Erdmann estimates that it will take until 2025 before there is worldwide LNG bunker coverage. Hapag-Lloyd's senior director of sustainability accepts that LNG fuelling might be available by 2020 in major ports such as Rotterdam, but says the big challenge is the robustness of the infrastructure on the main shipping routes. Shell spearheads global march in LNG bunkering Erdmann says Hapag-L
Business focus: Time to take action on fuel compliance Adam Corbett, Lucy Hine, Max Tingyao Lin and Paul Berrill explore the options on offer for shipowners for IMO 2020 and beyond
Scandlines triumphs in tunnel financing appeal Ro-pax company says Fehmarn project has "practically come to a stop."
Maersk Broker takes stake in NAODAN Chartering Maersk Broker has struck its second expansionary deal in a week, with its latest move growing its geographical footprint. Maersk Broker Bulk Chartering has become a major shareholder in NAODAN Chartering, it announced today. Dan Valente, president of NAODAN Chartering, will continue to lead the company, which is well established on the west coast of the US and Canada, and Alaska. The NAODAN nam
HHI beats order target with 153 ship contracts Korea's Hyundai Heavy Industries (HHI) has exceeded its 2018 order target after new deals reached 153 ships on Thursday. The company said that after adding two navy frigates, it had contracts in the bag worth $13.3bn. It had been aiming for $13.2bn this year. HHI has added 25 LNG carriers and 15 LPG carriers so far in 2018, "a segment where the group is placed in an unparalleled position," it s
Stena Bulk takes two tankers from Arne Blystad on time charter Swedish owner grows fleet with contract for two modern medium range ships.
Pacific Drilling sets date for return to New York Stock Exchange Pacific Drilling is set to resume trading on the New York Stock Exchange after completing a complex restructuring. Shares in the company will return to the exchange on 18 December, Pacific Drilling says. Idan Ofer strikes key deal with Pacific Drilling bondholders The Idan Ofer-backed firm closed a $1.5bn revamp under Chapter 11 protection and exited the process last month. The overhaul, into
"Immature" safety system criticised after crewman crushed A "weak" safety culture has been criticised after a seafarer was crushed to death on a Greek cargoship in the UK in February. The Maritime Accident Investigation Branch (MAIB) said Alfred Ismaili, 36, was killed on the 2,500-dwt SMN Explorer (built 1986) at King's Lynn when a stowage space hatch cover fell on him. The weight of the crewman climbing up the inside of the open hatch cover after its
Big names line up for Cosco's Long Beach terminal A trio of well-known finance heavyweights with strong interests in shipping have emerged as potential buyers of Cosco Shipping Holdings' Long Beach Terminal. Cosco said to aim for more than $1bn for Long Beach terminal Blackstone, KKR & Co and Macquarie Group have all shown interest in Long Beach, according to Bloomberg. EQT Partners is also said to be in the race. People familiar with the sale
Awilco Eco Tankers inks profitable charter Joint venture cashes in on crude market surge to lock in a period charter.
VIDEO: storm beaches bulker in Russia A Lebanese bulker has grounded in a storm off Russia. Kuban News cited the press service of the ministry of internal affairs as saying the 17,800-dwt Rio (built 1985) was forced ashore near Novorossiysk on 12 December. There were 21 crew on board, but no injuries were reported. The captain had requested a tow to enter the port, but bad weather prevented help reaching the vessel. No vis
Chemical tankers and bulkers get unexpected bonus from US-China trade war Deal for up to 400,000 tonnes per year of soybean oil could be followed by soil meal
EU list of approved shipbreakers stirs controversy as D-Day looms Arguments rage over capacity to handle scrapping of European-flag vessels ahead of end-of-year deadline
Samsung wins another LNG carrier order worth $187m Gas vessel order run shows no sign of stopping at Korean yards.
Nordea beefs up risk compliance with management changes Nordic lender consolidates risk management under former CRO Julie Galbo.
Braemar brings in Nick Stone as finance director UK broker says interim CFO James Hayward to leave the company after handover period.
Kiwis fine tanker captain for being over the limit New Zealand take firm stance with skipper saying fine is a "strong reminder and warning to seafarers".
Archipelago Philippines to splash $34m on new ferries Ferry operator lines up loan to order five new fast ferries.
FSL Trust to sell ships to help fund newbuildings Singapore-listed shipowner said it aims to raise around $21.3m from asset disposals.
Hoegh PCTC falls foul of UK port state control Twelve defects found during inspection as Norwegian-flagged vessel among six detained.
Challenges brewing in liner carrier industry An economic downturn, coupled with trade volatility and fuel cost challenges will bog down carriers' earnings in the coming quarters.
Big risks in liner shipping but potential rewards Some carriers will seek to broaden reach, while others stick to their knitting, predicts Drewry.
New York/New Jersey seeks to add dockworkers More longshoremen are needed because of retirements, cargo growth.
Adviser: Economy can sustain shocks amid tensions Deputy National Economic Council Director Clete Willems during a speech Thursday emphasized the structural economic reforms the U.S. wants to see in China.
Cost, operational challenges hinder port automation The port sector has been much slower to adopt automation programs than comparable industries, according to a new report from McKinsey & Co.
XPO lowers 2019 earnings expectations Stock in the roll-up trucking and third-party logistics provider has lost nearly half its value in the fourth quarter of 2018.
Chinese oil equipment exporter gets $2.7 million fine
Executive Moves: AAPA, Log-hub, Longview
Greek shipowner nets $2 million penalty
Operation Santa Paws under way at U.S. points of entry
ICE to launch 0.5% futures contracts Feb 4 ahead of IMO 2020 sulfur cap "[No one] wants to be the first to jump in there, it's the second mouse that gets the cheese," a fuel oil trader said this week.
Gibraltar bunker operations curtailed on poor weather: port authority
Japanese refiners working to resume Iran oil loadings: PAJ chief "Despite facing various hurdles, we believe we are moving toward the lifting [of Iranian oil] with the US [sanctions] waiver," Tsukioka said.
Malaysia's Petronas to ramp up LNG bunkering by mid-2019 "Dual-fueled LNG-based engines are expected to be the future solution," the company said in its annual activity outlook released Wednesday.
TENDER DATA: Hellenic Petroleum awards 2019 LSFO buy tender to Shell: sources Discharge is scheduled for every month of 2019
Japan bunker premiums hits lowest in 4 1/2 months on low demand, incremental supply "Market seems to be a bit more quiet than last month," a refiner said.
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